ECB's Lagarde: Soft landing not guaranteed for European economy

European Central Bank (ECB) President Christine Lagarde expressed a need for caution from the ECB late Monday, highlighting that downside risks remain a threat despite a firm labor market.

Key highlights

A Soft landing for the euro zone economy is not guaranteed.

It will take time to be certain that inflation is on track.

A strong labour market means we have time to gather information.

The strong labor market allows the ECB to gather enough data.